Swissquote Bank Research Team
Swissquote Bank Ltd
DAX
Key resistance at 10960.00.
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Pivot (invalidation): 10960.00
Our preference
Short positions below 10960.00 with targets at 10825.00 & 10784.00 in extension.
Alternative scenario
Above 10960.00 look for further upside with 11015.00 & 11070.00 as targets.
Comment
As Long as the resistance at 10960.00 is not surpassed, the risk of the break below 10825.00 remains high.
S&P 500
Supported by a rising trend line.
Pivot (invalidation): 2545.00
Our preference
Long positions above 2545.00 with targets at 2636.00 & 2685.00 in extension.
Alternative scenario
Below 2545.00 look for further downside with 2520.00 & 2473.00 as targets.
Comment
The RSI is mixed with a bullish bias.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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